Inspire Investing LLC Has $402,000 Stock Position in Amkor Technology, Inc. (NASDAQ:AMKR)

Inspire Investing LLC raised its holdings in Amkor Technology, Inc. (NASDAQ:AMKR) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 15,642 shares of the semiconductor company’s stock after acquiring an additional 2,163 shares during the quarter. Inspire Investing LLC’s holdings in Amkor Technology were worth $402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AMKR. Sei Investments Co. boosted its stake in Amkor Technology by 270.6% in the second quarter. Sei Investments Co. now owns 277,316 shares of the semiconductor company’s stock valued at $11,098,000 after buying an additional 202,481 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Amkor Technology by 3.9% in the second quarter. Thrivent Financial for Lutherans now owns 95,919 shares of the semiconductor company’s stock worth $3,839,000 after acquiring an additional 3,600 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Amkor Technology in the 2nd quarter valued at approximately $5,488,000. Millennium Management LLC boosted its stake in shares of Amkor Technology by 359.7% in the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company’s stock valued at $54,439,000 after purchasing an additional 1,064,404 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Amkor Technology by 67.5% during the 2nd quarter. Mackenzie Financial Corp now owns 44,401 shares of the semiconductor company’s stock valued at $1,777,000 after purchasing an additional 17,895 shares during the last quarter. Institutional investors own 42.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMKR. Needham & Company LLC dropped their price objective on shares of Amkor Technology from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Melius Research downgraded Amkor Technology from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Melius lowered shares of Amkor Technology from a “buy” rating to a “hold” rating and reduced their target price for the stock from $34.00 to $30.00 in a report on Monday, January 6th. The Goldman Sachs Group reduced their price objective on shares of Amkor Technology from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Finally, Morgan Stanley lowered their target price on Amkor Technology from $35.00 to $26.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.50.

Amkor Technology Stock Down 0.8 %

Shares of Amkor Technology stock opened at $25.69 on Friday. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 17.36 and a beta of 1.83. The stock’s 50-day moving average is $26.12 and its 200 day moving average is $29.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.06 and a quick ratio of 1.84. Amkor Technology, Inc. has a one year low of $24.10 and a one year high of $44.86.

Amkor Technology (NASDAQ:AMKR) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.84 billion. Amkor Technology had a net margin of 5.68% and a return on equity of 8.98%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts anticipate that Amkor Technology, Inc. will post 1.38 EPS for the current year.

Amkor Technology Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 4th were given a $0.0827 dividend. This represents a $0.33 dividend on an annualized basis and a yield of 1.29%. This is a positive change from Amkor Technology’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 4th. Amkor Technology’s payout ratio is presently 22.30%.

Amkor Technology Profile

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.